Experience of blood and tears》Don’t sell Bitcoin, ordinary people must learn to hold the BTC in their hands

First, congratulations on Bitcoin officially reaching $100,000 today. Here's a fun story. In January 2018, I wrote an article about how to survive a bear market. That year, I made a bold statement that was heavily mocked in the comments: "It's only a matter of time before Bitcoin reaches $50,000." "Since we know Bitcoin will reach $50,000, all our operations should aim to increase the amount of Bitcoin we hold. Why would we take losses and sell now? Where's the loss?" A commenter replied: "Did the author just clap his hands and conclude that Bitcoin can reach $50,000?" At the time, Bitcoin was $11,000. What's amusing is that as Bitcoin broke through $20,000, $30,000, $40,000, and finally $100,000, people would go out of their way to mock that old comment. This small comment has become a famous landmark. As an internet native, these kinds of stubborn stories paired with Bitcoin's incredible performance are quite satisfying. There's a famous meme that everyone has seen:

Many have even corrected that the second image should be:

In fact, there's a third image in this meme that many don't know about. Honestly, it's the most touching one for me over the years:

Is HODLing Bitcoin really that simple? Then why do so many people still fail to HODL? If I were the 2018 version of myself, I might have answered: "Yes, HODLing Bitcoin is really that simple - just store it in a cold wallet." But! That's only half the truth. After 7 years in the industry, I've finally realized the full truth: HODLing Bitcoin is still simple, but it requires three things: 1. Store it in a cold wallet 2. Regularly recharge your faith 3. Live well The first point about cold wallets needs no explanation. The second point about recharging faith is worth discussing. I'm truly grateful for everyone who has preached about Bitcoin. Faith is something that gradually weakens over time and experience. You need to recharge it periodically. Otherwise, your Bitcoin will be lost to countless small and large market cycles. No one can build an "iron-clad ideological imprint" in the flesh, not even MicroStrategy's CEO Michael Saylor, who secretly sold some Bitcoin at the $16,000 bottom in an attempt to do some tax-avoidance trading. The scariest thing about the crypto industry is that it always manages to push the ugliest parts to the forefront. You can see scammers, clowns, and beggars constantly taking the stage; You can always see one fraud and Ponzi scheme after another rise and collapse. From big VCs' schemes to your group chat's PVPs, it's all thorns and brambles. It's only natural to be disillusioned with this industry. If you can still maintain your passion, to be honest, I'd question your sincerity. So you need to regularly recharge your faith. Now, let's talk about faith. This round of Bitcoin's launch is not a one-off event, but like a multi-stage rocket, each stage building on the previous one. Pre-stage: The downfall of the three big scammers (SBF, SuZhu, DoKwon) + the Fed's rate hikes have forged Bitcoin's iron bottom at $16,000. Subsequently, Bitcoin has risen from the previous bottom of $16,000 to the current $101,600, with three major contributors: 1. First-stage rocket: $16,000 to $30,000 - Thanks to Grayscale, who has consistently hoovered up Bitcoin like a Qilin. 2. Second-stage rocket: $30,000 to $60,000 - Thanks to ETFs, especially BlackRock and Fidelity, who have brought their users and the hot money from the US stock market into Bitcoin. 3. Third-stage rocket: $60,000 to $100,000 - Thanks to MicroStrategy. Key resistance levels are hard to break, especially the invisible pressure from various technical indicators, but MicroStrategy's faith and determination have allowed them to use debt and stock sales to forcefully clear the resistance, pushing Bitcoin into the vacuum zone. Next, there's the fourth-stage rocket, the most powerful one: Considering the crypto-friendly, even crypto-enthusiastic government officials nominated by Trump, the US Bitcoin strategic reserve proposal is likely to become a reality. And with the US taking the lead, will Europe, the Middle East, Japan, South Korea, South America, and even China follow suit? The long-elusive dream of digital "gold" may now be within reach. Bitcoin's greatest feature - its immutability - is like gold. Qin Shi Huang's gold seals, Tang Taizong's gold crowns, and Zhu Yuanzhang's gold palaces are all the same gold.

What was the network like in 2017, what was it like in 2021, and what will it be like in 2025? It's all the same .

"Can be predicted" = "Can be trusted" = "Can transcend time"

You can never trust a project that a dev is going to in the next hour, nor can you believe in a protocol that updates its roadmap every 5 years, nor can you be certain that a currently diligent entrepreneur won't turn into a ruthless CEO in N years.

But you can easily predict what the network will look like 10 years from now, 20 years from now - the answer is, if it's like gold, it will always be the same.

This is why these countries will make (and not others) their "national strategic reserve".

You might ask, Teacher Todd, I seem to understand. But we came to this industry to "make it big", are you telling me to just hold ? How much more can grow?

To be honest, I can't give you a prediction, and almost no one can give you an accurate prediction.

This is precisely the third point I want to express - live well.

Another major feature of this industry is that it is equally good at showing you the most luxurious part.

One moment you can casually earn 1M, 2M;

The next moment you post a retirement statement;

A few days later, the person is gone, turns out they're traveling the world;

Of course, I haven't dared to mention the lavish lifestyles of the exchange bosses in Singapore and Dubai.

Some of this is real, 75% is fake, 20% is just showing off, and there are truly wealthy people, probably around 5%.

But these things are too stimulating to the eye, like a powerful weapon, cunningly drawing out people's discontent and anger.

This is also why was born, and of course, when I have the opportunity, I will write more about .

Recently, an account with a big gorilla avatar has been dumping 5M into an XRP contract, drawing countless envious looks. But it turned out that they were using a virtual trading platform, with the purpose of tricking others into paying fees.

Do you know how ironic it is when you've faced a fake P-shop, silently cried and cursed yourself for being too timid, and then vengefully opened a huge leverage?

And the key to HODL is for people to learn to live well.

How to live well:

• Regularly record your thoughts in writing
• Accept the fact that others earn more than you
• Focus on the present
• Eat well
• Set realistic and achievable goals
• Challenge negative thinking
• Get good sleep
• Cultivate positive self-talk
• Practice gratitude
• Help others

Only when you live your own life well can you hold on to .

On the contrary, if you don't live well and fall into the emotional honey trap carefully designed by the issuers, start fantasizing about adopting aggressive strategies to overtake, the ending will be -

Your will all end up in the hands of those issuers.

Over the years, I roughly feel that maybe 95% of people are becoming less and less -centric.

There are occasional contrarians, not more than 5%, all of whom are people with extremely auspicious fortunes.

Remember that saying?

"The first time you heard about ,

is often the time when you can own the most ."

Finally, let's review the three true ways to hold on to :

• Store in a cold wallet
• Regularly replenish your faith
• Live well

Time flies so fast, 7 years have passed, and the exchange rate of to USD has increased 10 times.

But, 1 = 1 , it's still the same.

As it was in the past, so it will be in the future.

Please hold on to (HODL) your , don't wait until reaches $100,000 to understand.